Brent crude rises as Hormuz oil flow stalls
after close1 source ↓written by the desknot a recommendation
- prices increased
- $0.32/bbl
- amid disruptions
- $72.89/bbl
Brent crude prices increased by $0.32/bbl to $72.89/bbl amid disruptions in oil movement through the Strait of Hormuz. Tensions escalated after Iran attacked two commercial vessels, raising concerns over supply sustainability. The US Central Command responded with strikes on Iranian military targets, further impacting market sentiment.
Not investment advice. For informational purposes only.